Take advantage of the Federal Solar and Wind Tax Credits and get up to 30% of the cost back on your solar or wind power system.

Federal Tax Credits for Solar and Wind Energy Systems

Federal Tax Credits Extended through 2017

The Emergency Economic Stabilization Act of 2008, which was signed into law on October 1, 2008, contains renewable energy legislation which is great news for our solar customers. Not only was the 30% commercial solar investment tax credit extended through 2017, but the same tax credit was also extended to residential installations.

Under this legislation the previous $2,000 cap for residential solar installations was eliminated. As of January 1, 2009, the purchase of a residential solar electric system makes you eligibile for a tax credit equal to 30% of the cost of your solar system, including installation. See full information on how you may use the tax credit.

Some Facts Regarding Eligibiity of the Federal Tax Credit:
• Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016.
• The home served by the system does not have to be the taxpayer’s principal residence.
• If the federal tax credit exceeds your tax liability, the excess amount may be carried forward to the succeeding taxable year.  

Small Wind Systems Also Eligible for Tax Credit The Emergency Economic Stabilization Act of 2008 includes a federal-level investment tax credit to help consumers purchase small wind turbines for home, farm, or business use. Owners of small wind systems with 100 kilowatts (kW) of capacity and less can receive a credit for 30% of the total installed cost of the system, not to exceed $4,000. The credit will be available for equipment installed through December 31, 2016. For turbines used for homes, the credit is limited to $4,000 or $1,000 per kW of capacity (whichever is less).

FEDERAL TAX CREDITS AND RELATED TOPICS Residental Federal Tax Credit Commercial Federal Tax Credit Commercial Renewable Energy Grants State and Local Incentives Recently added udpates to financial incentives The Cost of a Solar Electric System for your Home